Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Revenues and expenditures reported on the Schedule are reported on the accrual basis of accounting. Such revenues and expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Always A Nutritional Meal has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
The accompanying schedule of federal awards (the “Schedule”) includes federal grant activity of
Always A Nutritional Meal under programs of the federal government for the year December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operation of Always A Nutritional Meal, it is not intended to and does not present the financial position, changes in net assets or cash flows of Always A Nutritional Meal.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Revenues and expenditures reported on the Schedule are reported on the accrual basis of accounting. Such revenues and expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Always A Nutritional Meal has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
Revenues and expenditures reported on the Schedule are reported on the accrual basis of accounting. Such revenues and expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available.
Title: INDIRECT COST RATE
Accounting Policies: Revenues and expenditures reported on the Schedule are reported on the accrual basis of accounting. Such revenues and expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Always A Nutritional Meal has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
Always A Nutritional Meal has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: COMMITMENT AND CONTINGENCIES
Accounting Policies: Revenues and expenditures reported on the Schedule are reported on the accrual basis of accounting. Such revenues and expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Always A Nutritional Meal has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
Federal grants received by Always A Nutritional Meal are subject to review and audit by grantor agencies. Always A Nutritional Meal‘s management believes that the results of such audits will not have a material effect on the Schedule.